Barrington Research Weighs in on Time Warner Inc.’s Q3 2016 Earnings (TWX)
Time Warner Inc. (NYSE:TWX) – Analysts at Barrington Research raised their Q3 2016 earnings estimates for Time Warner in a research report issued on Thursday. Barrington Research analyst J. Goss now anticipates that the brokerage will post earnings per share of $1.33 for the quarter, up from their previous estimate of $1.32. Barrington Research also issued estimates for Time Warner’s Q4 2016 earnings at $1.29 EPS.
A number of other equities research analysts also recently commented on TWX. Vetr downgraded shares of Time Warner from a “buy” rating to a “hold” rating and set a $78.34 target price for the company. in a research report on Wednesday, June 8th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Time Warner in a research report on Friday, June 17th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Time Warner in a research report on Wednesday, July 6th. Brean Capital started coverage on shares of Time Warner in a research report on Thursday, July 7th. They issued a “buy” rating and a $90.00 target price for the company. Finally, Moffett Nathanson reaffirmed a “buy” rating and issued a $87.00 target price on shares of Time Warner in a research report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $86.17.
Time Warner (NYSE:TWX) opened at 79.18 on Monday. The company has a market cap of $61.59 billion, a PE ratio of 15.75 and a beta of 1.21. Time Warner has a 12-month low of $55.53 and a 12-month high of $81.33. The stock has a 50 day moving average of $78.37 and a 200 day moving average of $75.84.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.13. The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a $0.4025 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.61 annualized dividend and a dividend yield of 2.03%. Time Warner’s payout ratio is presently 32.01%.
In other news, EVP Paul T. Cappuccio sold 56,595 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total value of $4,427,992.80. Following the completion of the sale, the executive vice president now owns 157,877 shares of the company’s stock, valued at approximately $12,352,296.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karen Magee sold 14,240 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $79.97, for a total transaction of $1,138,772.80. Following the completion of the sale, the insider now directly owns 7,461 shares of the company’s stock, valued at approximately $596,656.17. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of Time Warner by 3.3% in the first quarter. Bessemer Group Inc. now owns 19,085 shares of the media conglomerate’s stock valued at $1,385,000 after buying an additional 616 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of Time Warner during the first quarter valued at $803,000. Baker Ellis Asset Management LLC acquired a new stake in shares of Time Warner during the first quarter valued at $109,000. Nikko Asset Management Americas Inc. boosted its stake in shares of Time Warner by 33.3% in the first quarter. Nikko Asset Management Americas Inc. now owns 6,011 shares of the media conglomerate’s stock valued at $434,000 after buying an additional 1,500 shares during the last quarter. Finally, Columbia Partners L L C Investment Management acquired a new stake in shares of Time Warner during the first quarter valued at $1,144,000. 80.68% of the stock is owned by hedge funds and other institutional investors.
About Time Warner
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.
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